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I understand that an amendment has been made to the Code of Ethics that states that is no longer permitted to provide any non audit services to public interest clients even if emergency.
Does this also stand, with advicing the client on a matter such as, on the recruitment of personnel, or attending a meeting with the bankers to present the results of an audit report?
I am little confused as in some instances, the solutions to past papers, provide several safeguards and give a possibility to several services/advices/client suggestions to be performed.
Thank you.
There have been announcements in the press about some audit firms no longer providing non-audit services to audit clients, but it is not the case that this is embodied in the Code of Ethics.
If you look at the latest version of the Code (effective from 1 September)
https://www.accaglobal.com/content/dam/ACCA_Global/Members/Doc/rule/ACCA-Rulebook-effective-from-1-september-2018.pdf
you will see that there is no absolute prohibition of any services whatsoever. For example 290.170, with safeguards it is possible still to provide bookkeeping services to PIE clients.There have been announcements in the press about some audit firms no longer providing non-audit services to audit clients, but it is not the case that this is embodied in the Code of Ethics.
If you look at the latest version of the Code (effective from 1 September)
https://www.accaglobal.com/content/dam/ACCA_Global/Members/Doc/rule/ACCA-Rulebook-effective-from-1-september-2018.pdf
you will see that there is no absolute prohibition of any services whatsoever. For example 290.170, with safeguards it is possible still to provide bookkeeping services to PIE clients.Well this confuses every possible case scenario then. Unfortunate for us.
Thank you.
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